Question was asked by Thomas
Monthly employee salary taxes are income tax and social security fund. in total, these taxes amount to 55 per cent of the employee’s salary.
VAT- 20 percent.
Dividend tax is 15 percent.
Income tax is paid annually from 5 to 15 percent. The reduced profit tax in the amount of 5 percent can be used subject to the following conditions:
- The company must have an annual turnover of no more than 300 000 EURO per year.
- the company is allowed employ no more than 10 employees,
- shareholders may not hold more than 50 per cent of shares in other Lithuanian companies.